Management Liability Insurance

A Management Liability Insurance policy addresses the serious risk exposures confronting private companies and their management teams.

Owners/directors, or senior managers/officers of private companies can be held personally liable for the consequences of unintended errors arising from their daily actions, or even the actions of employees.

Claims can be brought against directors and officers from shareholders, customers, employees, competitors, regulators and creditors all who have a legal entitlement to launch action if they feel directors and officers have not lived up to their responsibilities.

As a company director, officer or senior manager, you need to protect the financial wellbeing of the company and potentially, your personal assets.

You can tailor your Management Liability policy to include the following coverages:

• Directors & Officers Liability – protects directors and officers from losses due to claims of actual or alleged wrongful acts in their role as a director or officer. If the company indemnifies the director or officer for such liability, it will be entitled to cover under the Company Reimbursement section of the policy.
• Corporate Liability – protects your company against claims of alleged or actual wrongful acts by it (as opposed to claims being made against the directors or officers).
• Employment Practices Liability – which covers a company from claims made by employees in relation to their employment conditions or breaches of employment laws. This can include claims alleging unfair dismissal or discrimination.
• Crime – covers you against direct financial loss because of theft or attempted theft from your business premises.
• Statutory Liability – covers the company, senior management and employees for allegations of wrongful breaches of key legislation in the course of the Insured’s business. The policy will meet fines and penalties payable in specified circumstances and related legal expenses.